Determinants of the formation process in public-private partnership projects in developing countries: Evidence from China
By: Guo, Jiye Alvarez, Daniel Del Barrio Yoan, Jingeng and Kato, hironori
.
Material type: 
BookPublisher: Local Government Studies Description: 50(3), Jun, 2024: p.521-544.Subject(s): Public-private partnerships (PPPs), Determinants, PPPs formation process, Initiation and adoption, Developing countries China
In:
Local Government StudiesSummary: Public-private partnerships (PPPs) are expected to play a pivotal role in mobilising financial resources for infrastructure. However, the promotion of PPPs has faced challenges to their success in many countries. This study empirically analysed the determinants of initiation and adoption in PPP projects. It employed Tobit regression models with a Chinese provincial-level panel dataset from 2009 to 2019 for evaluating how government, market, and operating environment affect the number and investments in PPP projects. The results unveiled that local governments are motivated by fiscal pressure to initiate PPP projects. They also showed that the successful adoption of PPPs is associated with the activeness of private capital in local markets while neither PPP policy nor PPP fund at provincial level could facilitate the formation of PPPs. This study distinguished the initiation of PPP projects from their adoption, through which the truly key determinants of formatting PPPs were successfully identified.- Reproduced
https://www.tandfonline.com/doi/full/10.1080/03003930.2023.2198221
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
|
Indian Institute of Public Administration | 50(3), Jun, 2024: p.521-544 | Available | AR135570 |
Public-private partnerships (PPPs) are expected to play a pivotal role in mobilising financial resources for infrastructure. However, the promotion of PPPs has faced challenges to their success in many countries. This study empirically analysed the determinants of initiation and adoption in PPP projects. It employed Tobit regression models with a Chinese provincial-level panel dataset from 2009 to 2019 for evaluating how government, market, and operating environment affect the number and investments in PPP projects. The results unveiled that local governments are motivated by fiscal pressure to initiate PPP projects. They also showed that the successful adoption of PPPs is associated with the activeness of private capital in local markets while neither PPP policy nor PPP fund at provincial level could facilitate the formation of PPPs. This study distinguished the initiation of PPP projects from their adoption, through which the truly key determinants of formatting PPPs were successfully identified.- Reproduced
https://www.tandfonline.com/doi/full/10.1080/03003930.2023.2198221
There are no comments for this item.